The Jobless Rate Is Misleading

In a classic good news-bad news scenario, the U.S. unemployment rate has dropped to 9 1/2 percent. However, analysts say that's because roughly 600,000 people have simply given up on trying to procure a job. A more useful, and alarming, statistic states that the U.S. economy lost 125,000 jobs in the month of June.

In a classic good news-bad news scenario, the U.S. unemployment rate has dropped to 9 1/2 percent. However, analysts say that's because roughly 600,000 people have simply given up on trying to procure a job. A more useful, and alarming, statistic states that the U.S. economy lost 125,000 jobs in the month of June.

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